Search results for BMO
Crypto
Canada\'s Bank of Montreal confirms XRP exposure through ETF holdings
Canada\'s second-largest bank, Bank of Montreal, has added XRP-linked products to its portfolio, according to a U.S. SEC filing. A quarterly 13F-HR report showed it held shares in the REX Osprey XRP ETF and the ProShares Ultra XRP ETF as of end-June 2026. The report also points to similar moves by other Canadian banks and shifting institutional holders, though 13F data can lag by 45 days.
Crypto
Alpaca raises $135 million to expand tokenisation and AI financial infrastructure
Alpaca has raised $135 million to expand the tokenised asset market and AI-based financial services, and secured up to $300 million in debt financing. Cointelegraph reported on July 16 that the funding round was led by Peak XV, while Kraken parent Payward and BMO participated in the debt financing. Alpaca plans to use the funds to expand its agent-first brokerage and API-first prime brokerage infrastructure.
FinTech
FIS, Anthropic to use AI to cut AML investigations from hours to minutes
Financial technology company FIS is developing a financial crime AI agent with Anthropic to cut anti-money laundering investigation times from hours to minutes. The agent is designed to automatically gather evidence across banks\' core systems, match transactions against known patterns and prioritise high-risk cases for investigators. Bank of Montreal and Amalgamated Bank are early adopters, with broader rollout planned for the second half of 2026.
